Oil rises towards $90 as Iran sanctions loom
By Thompson ABISOLA Oil traded above 85 dollars a barrel on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain
Category : Oil
Latest and breaking oil news from various energy sector around the world. Our news analysis covers Fossil fuels and alternative energy
Why Oil News?
Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.
For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.
Total Nigeria Plc links oil tankers’ accidents to illiteracy, poor road infrastructure, others
By Thompson ABISOLA Total Nigeria Plc on Monday attributed accidents caused by oil tankers’ in Nigeria to illiteracy among tanker drivers, ageing equipment, substandard tank construction and
Oil races toward $85 as Iran sanctions loom
By Thompson ABISOLA Brent crude oil prices hit their highest level since November 2014 on Monday ahead of U.S. sanctions against Iran that kick in
